BoG Develops Comprehensive Framework to Guide Non-Interest Banking, Finance Sector: Prof Gatsi
Koforidua: The Bank of Ghana (BoG) is developing a comprehensive framework to guide the sector, as the central bank upscales measures for the introduction of Non-Interest Banking and Finance (NIBF) in the country, Professor John Gartchie Gatsi, Advisor, BoG said at the weekend. The NIBF operates in accordance with Islamic law (shariah) which prohibits excessive uncertainty and investments in industries like alcohol, gambling, and pork-related businesses. According to Ghana News Agency, Prof Gatsi stated that the BoG was undertaking extensive engagements with stakeholders, including academic institutions, the Securities Exchange Commission, and other professional bodies, to shape the formulation of the
